Tender Offers for Milnes Ryan

Form Type: SCHEDULE 13D/A

Filing Date: 2024-12-27

Corporate Action: Tender-offer

Type: Update

Accession Number: 000121390024112867

Comments: Ryan Milnes filed this Amendment No. 2 to Schedule 13D in relation to Rumble Inc.'s Class A Common Stock, amending the previous filings from September 26, 2022, and November 22, 2024. The filing discloses that the Reporting Person has beneficial ownership of 48,105,680 shares of Class A Common Stock, representing 17.0% of the issuer's outstanding shares. The document details a Tender and Support Agreement entered into on December 20, 2024, whereby the Reporting Person agreed to tender 25,000,000 shares in the issuer's self tender offer priced at $7.50 per share, which aligns with the terms set forth in the Transaction Agreement between the Issuer and Tether Investments Limited. The Reporting Person has voting and dispositive power over the shares held through 2286404 Ontario Inc., a corporation wholly owned by him. Furthermore, the filing confirms no legal issues related to the Reporting Person during the last five years, and cites the issuer’s primary business address and recent financial disclosures.

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